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Federal Reserve officials lowered their forecasts for growth and employment this year and into 2012, saying the U.S. economy “is continuing at a moderate pace, though somewhat more slowly” than previously projected.

Navistar Inc. has been awarded a contract by the U.S. Postal Service to engineer a diesel powertrain replacement for postal delivery vehicles, aimed at reducing rising maintenance and fuel costs for USPS’ aging delivery vehicle fleet.

Nick Weber, chairman of Weber Logistics, announced Wednesday that the Santa Fe Springs, Calif., third-party logistics firm has named Harry Drajpuch its president and CEO, effective immediately.

The National Labor Relations Board has proposed changes to federal rules governing union organizing elections, including limiting the time employers have to fight representation votes, the Wall Street Journal reported Wednesday.

Daimler AG plans to sell 20% more Mercedes-Benz trucks this year in the European market, boosted by demand for a revamped version of the long-haul Actros model, Bloomberg reported.

Maine’s legislature has approved a two-year, $637 million transportation funding bill that would end annual fuel tax increases tied to inflation beginning next year.

Truck component maker Accuride Corp. said it has acquired Camden, S.C.-based wheel maker Forgitron Technologies.

The ability of state and local governments to raise cash by  leasing or selling transportation assets to private investors would be slowed down, if not killed altogether, under a bill introduced by Sen. Richard Durbin (D-Ill.).

Nevada became the 34th state to ban texting while driving and the ninth to ban talking on handheld cell phones while driving.